Ascom divests the Technologiepark Teningen (Germany)

March 25, 2019

Ascom announced today that the Company signed a sales agreement with an international real-estate investor about the divestment of the Technologiepark Teningen. The closing of the sale is expected in the coming weeks.

The Technologiepark Teningen is located north of Freiburg in Breisgau (Germany). It is a non-operating property for Ascom and let to third parties since the divestment of the former division Energy Systems in 2003.

The divestment of the Technologiepark Teningen will lead for Ascom to a book gain of a mid-single digit million amount in Swiss Francs.

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